Trent Reznor posted the news tonight on his personal fan club blog. The band is out of contract after 18 years of recording for the man!

08 October 2007: Big News Hello everyone. I've waited a LONG time to be able to make the following announcement: as of right now Nine Inch Nails is a totally free agent, free of any recording contract with any label. I have been under recording contracts for 18 years and have watched the business radically mutate from one thing to something inherently very different and it gives me great pleasure to be able to finally have a direct relationship with the audience as I see fit and appropriate. Look for some announcements in the near future regarding 2008. Exciting times, indeed.

posted by Trent Reznor at 10:45 AM.